Lining Denied Having Received PEAK'S Intention To Restructure.

< p > < a > href= > //www.sjfzxm.com/news/index_x.asp > > Lining < /a > the head of the company's public relations department told reporters today that the report on "PEAK's repeated intentions to Lining" is basically "empty." she pointed out that Li Ning Co had not received any such information and the company had not discussed such a topic.

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< p > reported that PEAK has talked with Li Ning Co about the reorganization of a well-known global investment bank. The report said that PEAK chairman Xu Jingnan had confirmed that PEAK's reorganization intention had already started two years ago, but was rejected by Li Ning Co.

In the first half of this year, PEAK once again put forward a restructuring intention to Li Ning Co under the mediation of intermediaries. "Recently (Li Ning Co) only replied, but as a result of the strategic investment of the US private equity fund TPG and GIC (Singapore Government Investment Corp) totaling 750 million yuan, a series of adjustment measures have been adopted in the interior of Li Ning Co, and the decision has been made again."

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< p > public information shows that < a href= "//www.sjfzxm.com/news/index_p.asp > > Fujian Quanzhou < /a > PEAK group was founded in December 1992, it is a modern export-oriented enterprise group which combines shoes making, a href=" //www.sjfzxm.com/news/index_f.asp ", shoes material" /a ", clothing, bags, sports professional equipment and so on.

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< p > but from last year, PEAK's performance is not optimistic. Data show that PEAK sports annual business income of 4 billion 647 million yuan, an increase of 9.4% over the same period last year, 4 billion 250 million yuan, of which 778 million yuan net profit last year, down 822 million from the 822 million yuan a year earlier.

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< p > its authorized retail outlets in China are 6739, compared with 1067 at the end of last year.

In the two quarter of 2013, the order of PEAK, which had just finished, the total volume of PEAK orders fell by 20% to 30%, of which clothing orders were greatly reduced, and the average wholesale price of products increased by zero.

PEAK sports subsequently issued a profit warning shows that the first half of June this year and December net profit will be significantly reduced compared with the same period last year.

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< p > in addition, in Lining, Anta, XTEP, 31st degree, PEAK, trend six clothing brands actively clean up inventory, PEAK's inventory is still rising, compared with the end of last year, the stock has risen to 529 million yuan, or 25.65%.

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